Japan’s Kan on the Wire
Written November 15, 2009 at 7:43 PM EST by Alex Chernomordin
Japan’s National Strategy Minister Kan had the following comments that helped the Yen gain a light bid ahead of the Nikkei open.
- GDP recovery reflects Japan’s recovery.
- Japan is at risk of deflation.
- Capital spending is showing signs of bottoming.
- Manufacturers still have excess capacity.
- Export rebound is linked to the recovery in China and the US.
- Employment situation requires monitoring.
- Private consumption rebounding on stimulus.
- The government and the BOJ must work to control inflation.
- 3rdQ GDP will not influence plans for the extra budget.
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